Betts Spring Company Acquires Life-Time Fenders

Betts Spring Acquires Life-Time Fenders

San Leandro CA – October 24, 2007 – Betts Spring Company announced today the acquisition of Life-Time Fenders LLC of Canfield, OH.

Betts is a diversified manufacturing and distribution concern primarily serving the transportation sector. Life-Time Fenders is a leading provider of metal and plastic fenders to the heavy duty trucking industry.  Life-Time’s well respected fender products compliment Betts’ offering of bar and spring load type mud flap hangers and the innovative DirectFlex System® to create an unparalleled array of spray suppression solutions.

Mike Betts, President of Betts Spring Company, stated “The combination of Betts and Life-Time spray suppression offerings creates a unique and significant value proposition.  Both Betts and Life-Time are well respected for quality, innovation and service.  Bringing together these proud companies provides heavy duty transportation a “one-stop shop” for industry leading spray suppression solutions.”

Shirley Freed, President of Life-Time Fenders, added “We’ve had several opportunities over the years to sell or merge our company but never quite found the “right fit” for our family business. Betts acquisition of our business provides a unique opportunity for the valued employees of Life-Time to continue our passionate pursuit of growth and excellence in customer service.  We share a long history of service to the heavy duty industry and believe the future of our newly combined businesses to be very bright.”

For nearly one hundred forty (140) years and during six generations of continuous family ownership, Betts Spring Company has practiced daily the mission of its founder and decorated spring maker William Michael Betts I – “Building Well, Serving Better”. From its proud beginning as the first spring manufacturer in the Western United States, Betts has developed into a diversified manufacturing and distribution concern that serves heavy duty transportation, aftermarket automotive and other industrial sectors with innovative, patented products and services.

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